Health Care Execs Say Tech is Key for Success in 2016

By Mary Kate Nelson | April 26, 2016

Executives in the health care industry, including the home health and hospice sectors, have good feelings about 2016—especially when it comes to technology.

In fact, 88% of health care executives believe that technology is helping them provide higher quality care, according to the 2016 Middle Market Healthcare Outlook from CIT Group Inc. (NYSE:CIT), a New Jersey-based provider of commercial lending and leasing services.

Harris Poll conducted the survey, which involved 164 middle market health care executives at companies with revenue between $25 million and $1 billion. The survey was conducted between Feb. 18 and 29, 2016.

More than half of the executives surveyed believe health care M&A activity will increase in next 12 months, 65% think regulations have positively affected their company’s growth, 71% anticipate that their revenues will increase this year, and 55% are planning to seek financing in the next 12 months.

Additionally, 72% of health care executives believe their sector is on track with the rest of the industry when it comes to determining how to best measure outcomes, the survey revealed.